Byline Bancorp (NYSE:BY – Get Free Report) issued its earnings results on Friday. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07, Yahoo Finance reports. Byline Bancorp had a return on equity of 13.54% and a net margin of 19.91%. The business had revenue of $153.79 million during the quarter, compared to analyst estimates of $97.35 million. During the same quarter in the previous year, the firm earned $0.65 EPS.
Byline Bancorp Stock Performance
Shares of NYSE:BY traded down $0.08 during trading on Monday, hitting $21.70. The company’s stock had a trading volume of 286,318 shares, compared to its average volume of 98,848. The company has a 50-day moving average of $20.81 and a 200-day moving average of $21.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a market cap of $956.97 million, a price-to-earnings ratio of 7.95 and a beta of 1.14. Byline Bancorp has a 12 month low of $16.40 and a 12 month high of $24.52.
Byline Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 7th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Monday, May 6th. Byline Bancorp’s payout ratio is currently 13.19%.
Insider Buying and Selling at Byline Bancorp
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on BY shares. Stephens dropped their target price on shares of Byline Bancorp from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 3rd. Piper Sandler raised their price target on Byline Bancorp from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th.
View Our Latest Analysis on BY
Byline Bancorp Company Profile
Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides various banking products and services for small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers various retail deposit products, including non-interest-bearing accounts, money market demand accounts, savings accounts, interest-bearing checking accounts, and time deposits; ATM and debit cards; and online, mobile, and text banking services, as well as commercial deposits.
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